Bank of America could soon announce a fresh round of
layoffs, reports the Wall Street Journal's Dan Fitzpatrick and Dana Cimilluca.
The Charlotte, N.C., company is planning about 2,000 staff
cuts in its investment banking, commercial banking and non-U.S.
wealth-management units, said people familiar with the situation.
...
In the latest round of cuts, less than 400 will come from
investment banking, corporate banking, sales and trading, the people familiar
with the matter said. An expected sale of the bank's non-U.S. wealth-management
operations in Asia, Latin America and Europe would eliminate less than 2,000
positions.
The reporters say that these cuts will come on top of the
30,000 planned layoffs the bank had already announced last fall....
Read more: http://www.businessinsider.com/report-bank-of-america-lay-off-2000-investment-bankers-2012-4#ixzz1tb2Qz3rc
No comments:
Post a Comment